Chelsea area guide

Summary:

Chelsea is bounded on its southern edge by the River Thames and is one of the capital's most prestigious and up-market locations. Due to the success of the football club, after a buy-out from a very rich Russian gentleman, Chelsea, (SW3) is now known around the world and is synonymous with wealth. The old Chelsea College of Art boasts flats with '8-star' facilities and the price doesn't include £100,000 for a parking space. King’s Road is one of London’s most popular shopping streets. Excellent transport links, beautiful parks, fashionable shops and restaurants, galleries, museums and grandiose properties are but a few of Chelsea's attributes. Chelsea Football Club has its grounds at Stamford Bridge, and so is located in Fulham Broadway, not in Chelsea.

Properties:

Typical properties in SW3 include lovely Georgian and early Victorian homes, situated in garden squares, small streets of cottages, or mews. There's a wonderful collection of properties, including imposing red-brick mansion blocks (north of the King's Road and Sloane Square), picturesque cottages and charming artists' studios. Luxury flats are increasing in availability. Don't bother searching for a bargain in Chelsea, they are long gone, yet Kensington borough's more western reaches, once previously considered shabby and rundown, have now emerged as property hot spots.

Buyers:

The upmarket and arty locals are gradually being displaced by international bankers, with many foreign buyers. The wealthier middle classes live here and city types blessed with immense bonuses. Russians are moving in, to join the already established American and European residents. Prosperous, city-based home owners mostly, who aren't in any rush to sell, so properties can have a tendency to stay on the market for a long time.

Sales Information:

The table below details the most recent sales information for this area, broken down by postcode, property type and average sale value.

Postcode	Detached	Semi-Det	Terraced	Flat / Mais	Total / Average
SW3	- -	- -	30 sales £3,094,500	51 sales £817,911	81 sales £1,661,092
SW10	- -	- -	7 sales £1,470,714	33 sales £805,181	40 sales £921,649
SW1A	- -	- -	- -	3 sales £999,166	3 sales £999,166
SW1E	- -	- -	- -	3 sales £730,000	3 sales £730,000
SW1P	- -	- -	- -	35 sales £591,048	35 sales £591,048
SW1V	- -	- -	4 sales £1,603,750	36 sales £499,287	40 sales £609,733
SW1W	- -	- -	3 sales £9,783,333	9 sales £2,211,111	12 sales £4,104,167
SW1X	- -	- -	5 sales £2,709,000	25 sales £1,284,768	30 sales £1,522,140

Source acknowledgement: Information produced by Land Registry. © Crown copyright material reproduced with the permission of Land Registry. This material was last updated on 17th Nov 2008. It covers the period from Jul 2008 to Sep 2008. Restricted Use. Users of this product must not copy, distribute, sell or publish any of the Crown copyright material without the formal permission of Land Registry. If you think any of the above information is incorrect please click here to notify the Land Registry.